Chris SenyekChief Investment Strategist Wolf ResearchRecently, Donald Trump Win the 2024 election in cryptocurrency markets.
what happenedSenyek suggested that President Trump could ease cryptocurrency regulations, benefiting companies such as: Coinbase Global Inc. coin Their important Bitcoin BTC/USD Leverage.
“Trump has been less strict on cryptocurrency regulation and Coinbase will benefit greatly given his influence over bitcoin,” Senyek said on CNBC's “Last Call” on Tuesday.
Read also: Strengthening your retirement portfolio: The benefits of adding cryptocurrency
Why is this important?Senyek's remarks in the context of the former president Donald Trumpreportedly plans to attend the Bitcoin 2024 convention, which could bolster his image as the “cryptocurrency president.”
President Trump's possible attendance at the Bitcoin 2024 Convention, a key event on the crypto calendar, could have significant implications for the industry.
Pratik KalaPrincipal Investigator Digital X Limitedpredicts that Trump will win the next election, but warns that crypto-friendly regulation may not be an immediate priority.
Recent Reports 10x Research Explore the recent surge in Bitcoin prices and how it relates to Trump's strong position in the 2024 presidential election. Titled “Is Bitcoin's Trump Pump Sustainable?”, the report highlights the 4% rise in Bitcoin prices following the news that President Trump will win the 2024 presidential election. Joe Biden He will continue to campaign despite his poor performance in the presidential debate.
Price Trends: At the time of writing, Bitcoin was trading at $60,860.66, down 2.10%, according to Benzinga Pro.
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This story was produced by Benzinga Neuro. Pooja Rajkumari
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